ATHEX: Friday turned weekly gains into losses

The pendulum has erstwhile again swung the different way astatine the Greek bourse, with a steep diminution connected Friday pursuing the maturation of Thursday. The main crushed cited by traders and observers has been the deficiency of immoderate tangible advancement astatine the US-China summit gathering successful Beijing regarding the opening of the Strait of Hormuz. That sent lipid rates rising and securities tumbling again, which meant Greek refinery stocks bucked the trend connected the time that was led by banks.

The Athens Exchange (ATHEX) wide scale closed astatine 2,246.82 points, shedding 2.26% from Thursday’s 2,298.84 points. On a weekly ground it declined 1.46%.

The large-cap FTSE-25 scale contracted 2.39%, ending astatine 5,695.09 points and the banks scale dropped 3.52%, arsenic Eurobank mislaid 4.79%, Piraeus eased 4.09%, Alpha conceded 3.88% and National fell 3.63%. Helleniq Energy roseate 1.23% and Motor Oil grew 0.45%.

In total 28 stocks registered gains, 74 suffered losses and 19 remained unchanged.

Turnover amounted to €238.6 million, up from Thursday’s €187.4 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange decreased 0.74% to adjacent astatine 286.73 points.